In a move that will further strengthen its market position CHAMP […]
November 10, 2011
In a move that will further strengthen its market position CHAMP Cargosystems, the luxembourg provider of integrated air cargo solutions, has acquired Traxon Europe, a provider of electronic communications solutions to the air cargo industry.
The deal, agreed between CHAMP, Lufthansa Cargo and Air France, the majority shareholders of Traxon Europe, will deliver real synergy between the two companies, providing a strong, integrated portfolio of solutions that will accelerate initiatives such as e-freight, Cargo 2000 and global customs compliance.
“The combination of CHAMP’s software solutions and TRAXON’s wide network will result in the most comprehensive suite of software and distribution services available in the market. A combined force for change, innovation and above all leadership, representing a positive impact on the industry as well as stimulating growth in the combined group”, says John Johnston, CEO of CHAMP (right). Traxon Europe is now a subsidiary of CHAMP and will continue to operate under the TRAXON name.
Felix Keck, Managing Director of TRAXON Europe (left) welcomes the deal, commenting, “TRAXON’s and CHAMP’s strategic objectives are complementary and together project a stronger united force in the industry. The portfolio of electronic air cargo solutions we can jointly offer is a clear benefit to both company’s customers and the wider air cargo market.”
“Industry focus, expertise and neutrality have been the core reasons to agree to the transfer”, stated Dr. Andreas Otto, Member of the Executive Board Product & Sales of Lufthansa Cargo. The need to drive paperless transportation is critical to industry success and is core to Lufthansa Cargo’s strategy. CHAMP, through its integration of TRAXON Europe will accelerate this process of industry adoption.”
Florence Parly, Executive Vice President of Air France Cargo, added: “The Air France KLM group believes the deal with CHAMP enhances TRAXON’s long term strategy as a specialist for electronic cargo distribution services under the CHAMP umbrella”.